Carvana Co. (CVNA)

Carvana Co. (CVNA) is a revolutionary technology-driven platform for buying and selling used cars, headquartered in Tempe, Arizona. Led by Co-founder and CEO Ernie Garcia III, Carvana’s strategic mission is to "provide a fun, fast, and fair car-buying experience powered by technology." The company holds a dominant industry position as the pioneer of the "Car Vending Machine" and the world’s most integrated online auto retailer. Carvana’s vision is to "change the way people buy and sell used cars" by removing the friction of traditional dealerships and offering a seamless, 100% digital experience. In late 2025, CVNA stock has completed one of the greatest corporate turnarounds in history, with the CVNA stock price reflecting record profitability and a projected full-year Adjusted EBITDA of at least $2.2 billion.

The business operations of Carvana are built on a "Vertically Integrated Logistic Engine," including its proprietary "ADESA" physical auction sites and 1.5 million units of annual reconditioning capacity. In fiscal 2025, the company achieved a record "GPU" (Gross Profit per Unit) of over $7,500, driven by the automation of its 150-point inspection process and high-margin financing and insurance cross-sales. A primary growth driver is "Same-Day Delivery," which in late 2025 was rolled out to 100+ US markets, leading to a 44% year-over-year surge in retail units sold. The 2026 strategic roadmap focuses on "AI Appraisal," using computer vision and historical data to give customers instant, guaranteed offers for their vehicles. Carvana holds an "Asset-to-Software Moat," combining its proprietary software stack with a nationwide network of "Inspection and Reconditioning Centers" (IRCs) that would take competitors decades and billions of dollars to replicate. With a long-term goal of selling 3 million retail vehicles annually, the company is positioning itself as the "Amazon of Auto." For investors, CVNA stock is a high-alpha "Disruptor" play, offering massive operating leverage as it scales toward a 13.5% EBITDA margin.

Carvana Co. (CVNA) is listed on the New York Stock Exchange (NYSE). For investors researching CVNA stock, the "Retail Unit Growth" and the "Net Income Inflection" are the primary indicators of the company’s long-term viability. The CVNA stock price is sensitive to interest rates and used car pricing trends, but its superior unit economics have made it the most efficient operator in the fragmented used car industry. For those tracking CVNA stock, the company’s 2025 performance reaffirms that its "Transparent and Brave" business model is the future of the $800 billion US used car market.